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Credit Suisse pushes up settlement date on 8%-10% callable yield notes
By Susanna Moon
Chicago, Oct. 5 - Credit Suisse AG, Nassau Branch moved up the settlement date on its 8% to 10% callable yield notes due Oct. 31, 2012 linked to S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will now settle on Oct. 28. They were originally set to settle on Oct. 31. Pricing will still be set on Oct. 26.
Interest will be payable quarterly.
The payout at maturity will be par unless either index falls to or below its knock-in level - 65% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.
The notes will be callable at par on any interest payment date beginning on Jan. 31, 2012.
Credit Suisse Securities (USA) LLC is the agent.
The Cusip number is 22546TFK2.
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